Titan subsidiary purchases EBRD’s stake in ANTEA CEMENT SHA


Updated Mon, 09 Feb 2015 14:03:17 GMT

Alvacim Ltd, a subsidiary of the Titan Group, has purchased the 20% stake held by the European Bank for Reconstruction and Development (EBRD) in ANTEA CEMENT SHA (ANTEA), a Titan Group subsidiary in Albania.

As a result of this purchase, the Titan Group holds 80% of ANTEA’s share capital, whereas the remaining 20% is held by the International Finance Corporation (IFC).